The Macro Brief: 12 Million Chinese Grads Unemployed as China's Growth Woes Continue
China's youth unemployment hit another record at 21.4% - a third consecutive month over 20%
Chinese youth unemployment hit another record, bumping up to 21.4% marking the third consecutive month above 20%
An astounding 12 million Chinese grads remain unemployed as the second “largest” economy continues its secular decline.
It's so bad for Chinese grads that they were “zombie” posing on graduation day to symbolize the lack of opportunity.
Next, I'll run down the Chinese GDP numbers, my #1 reflation indicator and outlook on Chinese equities and the yuan.
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